Vanguard Group Inc. Increases Holdings in Kinsale Capital Group, Inc. (NYSE:KNSL)

Vanguard Group Inc. increased its stake in Kinsale Capital Group, Inc. (NYSE:KNSL) by 1.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,113,683 shares of the financial services provider’s stock after buying an additional 29,553 shares during the quarter. Vanguard Group Inc. owned 0.09% of Kinsale Capital Group worth $983,137,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Whittier Trust Co. of Nevada Inc. grew its position in shares of Kinsale Capital Group by 11.7% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 200 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 21 shares during the period. Ballentine Partners LLC increased its holdings in Kinsale Capital Group by 4.6% in the 4th quarter. Ballentine Partners LLC now owns 573 shares of the financial services provider’s stock worth $267,000 after acquiring an additional 25 shares during the last quarter. Caprock Group LLC raised its stake in Kinsale Capital Group by 1.7% in the 4th quarter. Caprock Group LLC now owns 1,653 shares of the financial services provider’s stock valued at $769,000 after acquiring an additional 28 shares during the period. Fielder Capital Group LLC boosted its position in Kinsale Capital Group by 5.5% during the fourth quarter. Fielder Capital Group LLC now owns 595 shares of the financial services provider’s stock worth $277,000 after purchasing an additional 31 shares during the period. Finally, CIBC Asset Management Inc increased its stake in shares of Kinsale Capital Group by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 716 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 36 shares in the last quarter. Hedge funds and other institutional investors own 85.36% of the company’s stock.

Kinsale Capital Group Stock Performance

Shares of NYSE KNSL opened at $482.17 on Friday. The stock’s 50-day moving average is $452.38 and its 200 day moving average is $460.98. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 27.10, a P/E/G ratio of 1.66 and a beta of 1.25. Kinsale Capital Group, Inc. has a 1-year low of $355.12 and a 1-year high of $531.79. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.12.

Kinsale Capital Group (NYSE:KNSL) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $4.62 earnings per share for the quarter, topping analysts’ consensus estimates of $4.23 by $0.39. Kinsale Capital Group had a net margin of 26.13% and a return on equity of 28.04%. The firm had revenue of $412.12 million during the quarter, compared to analyst estimates of $418.32 million. On average, sell-side analysts anticipate that Kinsale Capital Group, Inc. will post 17.72 EPS for the current fiscal year.

Kinsale Capital Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were paid a dividend of $0.17 per share. This is a boost from Kinsale Capital Group’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.14%. The ex-dividend date of this dividend was Thursday, February 27th. Kinsale Capital Group’s dividend payout ratio (DPR) is 3.82%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KNSL shares. JPMorgan Chase & Co. reduced their price objective on shares of Kinsale Capital Group from $415.00 to $412.00 and set a “neutral” rating for the company in a research note on Friday, January 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $500.00 target price on shares of Kinsale Capital Group in a report on Tuesday, February 18th. JMP Securities restated a “market perform” rating on shares of Kinsale Capital Group in a research report on Friday, February 14th. Truist Financial increased their target price on shares of Kinsale Capital Group from $480.00 to $525.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. Finally, Morgan Stanley lowered their price objective on Kinsale Capital Group from $535.00 to $520.00 and set an “overweight” rating on the stock in a research report on Friday, February 14th. Eight analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $468.56.

Kinsale Capital Group Company Profile

Kinsale Capital Group, Inc, a specialty insurance company, engages in the provision of property and casualty insurance products in the United States. The company’s commercial lines offerings include commercial property, small business casualty and property, excess and general casualty, construction, allied health, life sciences, entertainment, energy, environmental, excess professional, health care, public entity, commercial auto, inland marine, aviation, ocean marine, product recall, and railroad, as well as product, professional, and management liability insurance.